COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
What are the top cyberthreats facing the financial services sector? Valerie Abend of Accenture describes the findings of a new report on the subject in an in-depth interview.
What will be the impact of the leak of investigatory documents from FinCEN - the U.S. Treasury Department's Financial Crimes Enforcement Network? For starters, experts warn that FinCEN reports may reveal sensitive information tied to banks and law enforcement agencies' investigatory tools and tactics.
An organization has successfully implemented a "zero trust" framework when it can achieve context-aware resolution of a risk, says Dr. Siva Sivasubramanian, CISO of SingTel Optus, an Australian telecommunications firm.
A hybrid workforce, heightened insider risk, 5G concerns over the expanded attack surface - these are the "more" that people reference when they talk about "doing more with less" in 2021. A CEO/CISO panel discusses how security leaders prioritize budget allocations for these concerns.
The emerging cloud-delivered service model known as security access service edge, or SASE, is designed to help simplify security for remote access, says Sean Duca of Palo Alto Networks, who explains how the model works.
Organizations across the country are closing their offices and opening their laptops to provide services to millions of Americans who are under guidance to stay home. With the increase in remote work has come a surge of cyberattacks on all critical resources such as state and local governments, healthcare facilities,...
The latest edition of the ISMG Security Report offers a discussion of the potential insider threats posed by the remote workforce during the COVID-19 crisis. Also featured: An update on payment fraud shifts and the long-term outlook for the cybersecurity market.
The Capital One data breach is in early stages of remediation. Art Coviello, former chair of RSA, which was breached in 2011, shares first-hand insight on steps the breached institution and its CEO should be taking now.
Nine men have been charged in connection with an alleged SIM card swapping scheme that led to the theft of $2.4 million in cryptocurrency, the U.S. Justice Department says. The scheme allegedly involved the bribing of employees of Verizon and AT&T.
The Reserve Bank of India intends to do away with the one-time password authentication process for online transactions. In a step in that direction, for the first time, it's allowing widespread tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments.
Better, stronger fraud-detection intelligence - that's the promise of the new 3-D Secure 2.0 protocol for digital merchants, networks and financial institutions. But what should organizations do to prepare? James Jenkins of CA Technologies weighs in.
Now that it's been confirmed that an insider at Punjab National Bank paved the way for $1.8 billion in fraudulent transactions, RBI, the nation's central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions, and security experts are offering risk mitigation advice.
Defending against tomorrow's mobile attacks is a moving target; but new technologies and strategies, including behavioral biometrics and machine-learning-based analytics, are allowing financial institutions to reduce their fraud losses while enhancing their customer experience.
Based on the latest results of ISMG's...
An investigation into last year's attempted theft of $170 million at India's state-owned Union Bank has found strong similarities with the Bangladesh Central Bank heist, which was attributed to North Korea, and resulted in an $81 million loss.
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